“The Government’s pledge to provide an additional £435m for business rate support is encouraging for many SME’s. Access to funding remains a key issue for many small businesses, and increased rates during a time of uncertainty would potentially dampen growth plans for some business owners.
“At Henry Howard Finance, we have seen an increase in the number of ‘trailblazing’ businesses investing in emerging technologies, including 5G telecoms, electric vehicles, robotics and artificial intelligence, and we are pleased to see that this sector will benefit from new financial incentives.
“All businesses need the ability to raise capital on flexible terms to respond to live business opportunities and changing market conditions. While some entrepreneurs may take little comfort from the budget, owners of even the smallest of businesses can take assurance that finance providers can step up and fill the gap. Lenders such as ourselves are on standby to fund assets for supply chain development and to support investments in equipment and machinery.”
Henry Howard Finance is one of the UK’s leading business finance providers for SMEs, supporting more than 20,000 UK businesses across a variety of sectors.